Company Intelligence Profile
Reddy Automotive Private Limited
Reddy Automotive Private Limited is the registered legal entity behind the consumer brand "RACE Energy" (RACEnergy), a Hyderabad-based deep-tech EV infrastructure startup founded in 2018 by Arun Sreyas Reddy Palle and Gautham Maheswaran.
Last updated 6 August 2026
Reddy Automotive Private Limited, operating under the brand RACEnergy, is a Hyderabad-based deep-tech EV infrastructure startup founded in 2018. The company builds swappable battery packs and retrofit EV kits, realizing Rs 9 crore in revenue for FY2024 with a significant 213% year-on-year growth. RACEnergy has raised approximately $4.28 million across multiple funding rounds.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | Reddy Automotive Private Limited |
|---|---|
| CIN | U34300TG2018PTC125370 |
| PAN | AAJCR0255Q |
| Status | Active |
| Listing | Unlisted private limited company |
| Incorporated | 29 June 2018 |
| ROC | RoC-Hyderabad, Telangana |
| Sector (NIC) |
|
| Registered address | H.No.5-8-326/2 and 4, Nampally, Hyderabad, Telangana – 500001 |
| Authorized capital | ₹10,50,000 |
| Paid-up capital | ₹4,20,070 per Falconebiz vs ₹3.97–4.0 Lakh per Tofler/TheCompanyCheck — minor source discrepancy, figure in the ₹4.0–4.2 Lakh range |
Business Overview
- Reddy Automotive Private Limited is the registered legal entity behind the consumer brand "RACE Energy" (RACEnergy), a Hyderabad-based deep-tech EV infrastructure startup founded in 2018 by Arun Sreyas Reddy Palle and Gautham Maheswaran
- RACE builds swappable battery packs and a network of battery-swap stations for electric two/three-wheelers (e-autos, e-2Ws), and also manufactures retrofit EV kits to convert existing auto-rickshaws to electric power, positioning "energy-as-a-service" (battery cost taken out of the vehicle price)
- Headquartered in HITEC City, Hyderabad
Directors
Confirmed (Tofler + Falconebiz + TheCompanyCheck agree on all 4):
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Arun Sreyas Reddy Palle | 08276033 | Director | 15 Nov 2018 |
| Gautham Maheswaran | 08276025 | Director | 15 Nov 2018 |
| Sheetal Bahl | 02330240 | Nominee Director | 27 Aug 2020 |
| Haritaa Reddy Palle | 08169267 | Director | 29 Jun 2018 |
GST / GSTIN
| GSTIN | State | PAN | Status |
|---|---|---|---|
| 36AAJCR0255Q1ZV | Telangana | AAJCR0255Q (confirmed — Falconebiz; consistent with GSTIN prefix 36AAJCR0255Q1ZV on KnowYourGST) | Active |
Primary GSTIN: 36AAJCR0255Q1ZV (Telangana) — confirmed via KnowYourGST individual GSTIN page, PAN prefix matches AAJCR0255Q from Falconebiz. - Registration date: 28 Feb 2019 - State: Telangana (home state, RoC-matching) - Status: Active - Constitution: Private Limited Company; Nature of business: Factory/Manufacturing - Jurisdiction: Basheerbagh–Nampally, TG109 - Number of GST registrations: only 1 identified (Telangana); no evidence of additional state registrations found — treat as "1 (confirmed for TG); others not obtained"
Financials
- FY2024 (year ended 31 Mar 2024) Revenue: ~₹9 Crore, reported as +213% YoY growth
- EBITDA, PAT, Net Worth, Borrowings: locked/paywalled — not obtained
- Standalone vs consolidated: not specified (entity is small/unlisted, likely standalone)
- Auditor (FY2023): Abhishek Daga & Co
- Last AGM: 30 Sept 2024
No independent second source corroborates the ₹9 Cr revenue figure — flag as single-source/partial.
Funding
Confirmed via multiple sources — funding pertains to the "RACEnergy" brand associated with this entity:
- Seed round (2020): $500,000 from growX Ventures, Prophetic Ventures, and angel investors
- Seed+ round: $1.3 million on 19 Aug 2021, led by Micelio Fund and growX Ventures, with participation from Huddle, Prophetic Ventures, BITSian Angels
- Total funding reported: ~$4.28M across 5 rounds per Inc42 (last round 9 May 2023); a conflicting figure of $5.26M across 9 rounds from 30 investors also appears in aggregator data — source conflict noted, exact latest round terms/investors not fully obtained
- Round names/counts beyond the above corroborated by Tracxn (used here only for round-count corroboration per sourcing rules)
Charges / Borrowings
| Open charges | ₹4.5 Crore |
|---|---|
| Satisfied charges | ₹5.35 Crore |
| Lender type | "Others" |
Falconebiz indicates detailed charge records exist but are behind a paid membership wall — not independently confirmed.
Legal / Litigation
No matching court cases or legal filings found on Indian Kanoon for "Reddy Automotive Private Limited" (searched directly — zero results returned).
Competitors
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